Arcos Dorados Holding Inc (ARCO) To Go Ex-Dividend on December 6th

Arcos Dorados Holding Inc (NYSE:ARCO) declared a quarterly dividend on Friday, March 29th, Wall Street Journal reports. Shareholders of record on Monday, December 9th will be given a dividend of 0.03 per share by the restaurant operator on Thursday, December 12th. This represents a $0.12 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, December 6th.

NYSE ARCO opened at $7.25 on Wednesday. The company has a debt-to-equity ratio of 3.72, a current ratio of 0.73 and a quick ratio of 0.65. Arcos Dorados has a 12 month low of $5.92 and a 12 month high of $9.22. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 40.28 and a beta of 1.15. The firm’s fifty day moving average price is $7.43 and its 200 day moving average price is $7.14.

ARCO has been the topic of a number of research analyst reports. Zacks Investment Research raised Arcos Dorados from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Wednesday, November 27th. ValuEngine raised Arcos Dorados from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Bank of America upgraded Arcos Dorados from an “underperform” rating to a “buy” rating in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $9.33.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

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Dividend History for Arcos Dorados (NYSE:ARCO)

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